One Thousand Ways to Make Money by Page Fox

323. NEW TOWN SITES.--Large fortunes have been made by men who had the

sagacity to see a potential factor in the meeting of two rivers, or the projection of a railroad. The question for investors in real estate is, “Where is the population going?” Keen observers note the drift, get ahead of the tide, and are ready to sell lots when the people arrive. Whitestone and Morris Park on Long Island were built in this way. It is a good investment, not quite so safe as city property, but paying more handsomely where the projector is fortunate in his location.